Looking for a lender for Commercial Mixed use

[Jeffrey Sommer]

Does anyone know of a lender who will do commercial mixed use loans for purchase and renovation under $1M?

[Stuart Udis]

Alternative lenders tend to have very strict commercial exposure limits (normally applies to both SF and projected rents). Banks aren't always as strict, but expect lower LTC financing across the board compared to residential or multi-family. If this is a construction loan request, that will impact terms as well.  I've originated a number of loans on mix-use properties in Philadelphia recently...both construction and bridge, bank debt as well as alt. lenders. I don't provide referrals, but if you have access to public records, check out the loans on the following addresses (6370 Germantown Avenue, 6519 Germantown Avenue, 7200 Germantown Avenue,210 E Mount Airy Ave & check back on 22 E Durham street in a few weeks). That should give you a few options who funded loans in Philadelphia in the last 15 months.